Technology
Red-Hot Tech Analysts Raise Price Targets on Top Picks After Earnings
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One thing is for sure, we see a ton of research here at 24/7 Wall St., and we are always impressed with analysts and firms that draw a line in the proverbial sand and make a call. Way too often firms put out ambiguous, wishy-washy reports that are tagged with a Neutral or Hold rating, which to this day remain hard to decipher. The firms that do make a call, whether it is to buy or sell, especially in front of an event like earnings, are getting harder and harder to find these days.
One firm that does make calls is West Coast–based Wedbush, a top regional firm with outstanding analysts. The firm recently made two stellar calls in front of earnings on two stocks that blew them out and rocketed higher. The company has done some follow up on top technology stocks, and we found three rated Outperform at the firm that look like solid buys, as well as ones that the company pounded the table on before the earnings were released.
Amazon
This was one of the stocks the Wedbush team recommended buying before earnings, and the company knocked the earnings out of the park. Amazon.com Inc. (NASDAQ: AMZN) engages in the retail sale of consumer products in North America and internationally. It operates through the North America, International and Amazon Web Services (AWS) segments.
The company sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through retail websites. It also manufactures and sells electronic devices, including kindle e-readers, fire tablets, fire TVs and echo, as well as fire phones. It provides Kindle Direct Publishing, an online platform that allows independent authors and publishers to make their books available in the Kindle Store.
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